Raleigh, NC 27616 Real Estate & Property Data

Raleigh, NC 27616 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 788 residential properties have been sold over the past 12 months in 27616. With a median sales price of $402,500 in 27616 and a total of 4 foreclosures in Raleigh, NC 27616. Discover market trends and get the granular level real estate data for Raleigh, NC 27616 to keep your pulse on the housing market. Curate compelling home reports for Raleigh, NC 27616 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Raleigh, NC 27616 Real Estate Market Trends
Total Residential Properties 17,231
Total Commercial Properties 344
Avg. Home Age (Single Family Home) 25 Years
Avg. Square Feet (Single Family Home) 2,036
Total 2025 Residential Sales (year-to-date) 97
% of Homes Seriously Underwater (Q2 2025) 0.49%
Total 2024 Residential Sales 748
% of Equity Rich Homes (Q2 2025) 42.45%
Effective 2024 Property Tax 0.82%
Total Foreclosure Filings (year-to-date) 10
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Raleigh, NC 27616 Real Estate Overview

There were 788 residential properties sold in the past year in Raleigh, NC 27616. The median home value in Raleigh, NC 27616 is $361,465. There are a total of 17,231 residential properties in the 27616.

Median Sales Price i
$402,500
(Feb 2025)
-5.9%
year-over-year
y-o-y
  • February '25 Feb '25 $402,500
  • January '25 Jan '25 $415,000
  • December '24 Dec '24 $405,000
  • November '24 Nov '24 $393,500
  • October '24 Oct '24 $425,000
  • September '24 Sep '24 $420,000
  • August '24 Aug '24 $390,000
  • July '24 Jul '24 $400,000
  • June '24 Jun '24 $409,500
  • May '24 May '24 $435,000
  • April '24 Apr '24 $443,000
  • March '24 Mar '24 $419,500
Median Down Payment i
$66,350
(Feb 2025)
-12.1%
year-over-year
y-o-y
  • February '25 Feb '25 $66,350
  • January '25 Jan '25 $83,000
  • December '24 Dec '24 $57,000
  • November '24 Nov '24 $84,250
  • October '24 Oct '24 $59,287
  • September '24 Sep '24 $51,000
  • August '24 Aug '24 $85,310
  • July '24 Jul '24 $87,375
  • June '24 Jun '24 $37,500
  • May '24 May '24 $71,500
  • April '24 Apr '24 $69,725
  • March '24 Mar '24 $70,000
Number of Homes Sold i
52
(Feb 2025)
-18.8%
year-over-year
y-o-y
  • February '25 Feb '25 52
  • January '25 Jan '25 45
  • December '24 Dec '24 51
  • November '24 Nov '24 43
  • October '24 Oct '24 61
  • September '24 Sep '24 65
  • August '24 Aug '24 71
  • July '24 Jul '24 71
  • June '24 Jun '24 70
  • May '24 May '24 56
  • April '24 Apr '24 81
  • March '24 Mar '24 58
Number of Purchase Loans i
43
(Feb 2025)
-28.3%
year-over-year
y-o-y
  • February '25 Feb '25 43
  • January '25 Jan '25 35
  • December '24 Dec '24 46
  • November '24 Nov '24 41
  • October '24 Oct '24 56
  • September '24 Sep '24 62
  • August '24 Aug '24 58
  • July '24 Jul '24 53
  • June '24 Jun '24 55
  • May '24 May '24 50
  • April '24 Apr '24 65
  • March '24 Mar '24 55
Number of REFI Loans i
24
(Feb 2025)
-20%
year-over-year
y-o-y
  • February '25 Feb '25 24
  • January '25 Jan '25 38
  • December '24 Dec '24 25
  • November '24 Nov '24 44
  • October '24 Oct '24 39
  • September '24 Sep '24 34
  • August '24 Aug '24 41
  • July '24 Jul '24 36
  • June '24 Jun '24 35
  • May '24 May '24 35
  • April '24 Apr '24 42
  • March '24 Mar '24 28
Number of HELOC Loans i
32
(Feb 2025)
+23.1%
year-over-year
y-o-y
  • February '25 Feb '25 32
  • January '25 Jan '25 14
  • December '24 Dec '24 17
  • November '24 Nov '24 18
  • October '24 Oct '24 24
  • September '24 Sep '24 15
  • August '24 Aug '24 35
  • July '24 Jul '24 34
  • June '24 Jun '24 26
  • May '24 May '24 19
  • April '24 Apr '24 25
  • March '24 Mar '24 31

Raleigh, NC 27616 Foreclosure Activity

There were a total of 4 Raleigh, NC 27616 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
4
(Feb 2025)
+33.3%
year-over-year
y-o-y
  • February '25 Feb '25 4
  • January '25 Jan '25 6
  • December '24 Dec '24 1
  • November '24 Nov '24 6
  • October '24 Oct '24 7
  • September '24 Sep '24 2
  • August '24 Aug '24 4
  • July '24 Jul '24 2
  • June '24 Jun '24 3
  • May '24 May '24 4
  • April '24 Apr '24 1
  • March '24 Mar '24 3
Foreclosure Starts i
3
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 4
  • December '24 Dec '24 1
  • November '24 Nov '24 5
  • October '24 Oct '24 6
  • September '24 Sep '24 2
  • August '24 Aug '24 3
  • July '24 Jul '24 1
  • June '24 Jun '24 2
  • May '24 May '24 2
  • April '24 Apr '24 1
  • March '24 Mar '24 3
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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